America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Vendit™ who wrote (12524)	4/24/1999 4:39:00 PM
From: Arik T.G.	Read Replies (2) of 41369

Vendit, Great call! <g> But a crystal ball is not enough. You also need brass balls to keep holding AOL and the rest of the inuts. IMO it will be extremely tough for AOL to pull over 152. Remember the 1.2 million shares imbalance to sell at 158? The stock ended that day around 152. Big boys selling. You know as well as I that there's no justification for the lofty prices of AOL other then momentum. And momentum is IMO lost. I shorted AOL at 172 (just after the peak) but closed too soon at 167 the next day, and currently have no position on it. If I see it over 152 then I was wrong, momentum was not lost, and the crazy (irrational) speculation (exuberance) can continue, but I believe chances are against this, this time. ATG

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